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. >> samsung electronics operates a fifth straight quarter, but sales flip. >>> and government is on track for the austerity measures as angela merkel gives up -- for election. >>> and aig just finished off paying off its massive bailout, but the company is now weighing on whether to sue the u.s. government over that very rescue. >> now 2013. >> it's been so long. how long has it been? >> months. >> better make the most of it, though. >> two days. >> yeah. two days. >> then it's onward. >> anyway, look, we're here. i still don't know what time zone and country i'm in. >> there was snow, right? >> there was. it was beautiful. >> on today's show, we hone in on samsung in seoul. i'm all frufterred because you're back. the electronic giant will expand its lead over apple this year. >> and we've got our chips in. and we'll head out to las vegas for the latest on the consumer electronics show. >> the trade deficit widens to its largest level in five years. >> and we'll get the latest from wall street on just how happy a new year bankers are likely to have. >> i hope it's not that happy. some wil
20% year to date. south korea's kospi added .4% helped by samsung electronics. australian shares rose for the 10th straight day. the longest rally since 2003. meanwhile, india's sensex is currently trading marginally in the green. ross, back to you. >> thank you. >>> jane foley is still with us. we want to ask about the australian dollar. this being one of the favorite currencies while china was growing and commodities were strong. what happens now? >> well, the australian dollar has been extremely resilient. this is counter to a lot of forecasts at the end of the year. they were, you know, china's weaker or the australian dollar is overvalued. australia has got to go down. the australian dollar has to go down. no, i mean, china data over the last month, two months, three months has improved -- doing better. perhaps they will cut rates bo there is a feeling that they still will next week. the resilience of the australian dollar comes back to the yield story. investors still want to buy yields. >> 104.37, down about .3 today. where do you see it midway through the year, 2013? >> i thin
and then there's the samsung galaxy, it leads the iphone in sales and shows on its bottom line. in a three-month period, samsung forecast record profits of more than 8 billion dollars. meanwhile, a new cliff approaches faster than we thought. the government runs out of money on february 15th according to one think tank. so here we go again. a new countdown to disaster. deja vu all over again. "varney & company" is about to begin. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapr and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clnts in today. [ male announcer ] save on ground shipping at fedex office. # # >> >> apple may offer a low cost iphone in china the first half of this year from the tech publication digit times. however, the buzz at the consumer electronics show this year is all about samsung. charles payne is with me. i can invest in apple right now instantly. i can't do that with samsung. charles: you can't. there'
of the company say, all right, let's take a hard look before we switch out. >> it's not even apple or samsung. in terms of global market share, the top five, i mean, r.i.m.'s not up there, but zte is up there, along with samsung and apple. it's not just samsung and apple versus r.i.m. at all. it's r.i.m. versus everybody else. >> 79 million subscribers. >> market share for these guys, 5%. two years ago, 20%. i mean, a lot has gone on while they have been trying to get this thing ready. the question is, how much has android and ios taken out of the room. we will see. the presentation at 10:00. jon fortt has tried out the software and is relatively impressed. they'll not show their super bowl ad, so they say. we'll find out. jim, you are the ray lewis of our team today. you're playing hurt. you got the big brace on your arm, but this time it's your voice. you're amazing. >> san francisco, watch out. >> well, talk about missions, let's talk about amazon. set to open at new all-time highs. the online retailer is better than expected profit margins, that is the key story here. as we said earlier a
deficit. and it's also in focus with samsung electronics, expected to release it's delayed guidance. at the same time, japan's retail giant will unveil their q3 forecast, as well. and december faels figures are due from taiwan. auoptronics and umc. >>> still to come, our next guest expects a 10% price drop in aural commodities over the new year. we'll find out why in just a moment. it turns out he turned his back on his homeland since the next tax. he received his russian passport as well as you can see a hug from the president. probably not easy to do to hug him. stephane is in paris. you have to have big arms to try and hug gerard. >> long, long arms. very long arms. >> i'm not quite sure why he's gone for a russian passport. i don't quite -- i thought he was going to live in belgium. anyway, how is this all going down? >> there's a fiscal agreement between france and russia in 1996 and he's in the still position when it comes to fiscal residence. the main criteria is the usual place of residence. in other words, if he still spends more than 50% of his time in trans, he will still
along with some warnings on the strength of gloeg global demand coming from the likes of samsung. will i sixuan has plenty more from singapore. >> thank you, kelly. let's start with japan. that market yet begin took center stage in asia. december cpi came in at minus 0.2% piling more pressure on the boj to beat deflation and eventually meet that 2% inflation target. the boj jumped nearly 3% and it's up for the 11th straight week. that's the longest winning streak in about 42 years. the japanese yen weakened to a fresh 2 1/2 year low against the green back. that's fueled a strong rally in exporter stocks. shares in china gave back strong gains earlier ending down by 0.5%. chinese stocks led losses of prot taking after north korea warned us more rocket launches and a nuclear test. the weakness in the mainland dragged the hang seng lower by just a touch. china mobile shares slipped for the fifth straight sessions. elsewhere, south korea shares pulled back for the third straight session, down almost 1% today. suppliers, they continued to tumble. samsung electronics lost 2.5% despite record e
that samsung has come on very strong. when you go to a resaler, the sales for samsung are much stronger than they used to be. i think this shift has got to be acknowledged. as henry blodgett said, the stock is inexpensive. when you have something that is old news, new news, it doesn't matter, there is a continuing recognition that something is just not as great at apple that it used to be. >> i think we can make the argument all day and all night, the valuation, cash on hand, dividend that apple is paying. at the same time you can make that case for a lot of other tech stocks out there. they pay a dividend and yet the stocks don't move much anymore. and i'm thinking of like a microsoft, for instance. >> well, i was just reiterating what henry was saying. >> right. >> i feel that, again, there's a lot of things that are subtly wrong with apple. the new itune iteration is just hated. i don't know a soul who likes it. it's very clear that there are real issues involving the ipad mini and whether it's as exciting as it used to be. there is no omg factor. it's just -- frankly, as my daughter said
is the next step? you're 35 different names and brands. everybody from samsung. you're in apple. you're in what else? >> 35 different brands. we are now designed in over a thousand device. for the first time in 2012 we sold over a billion dollars in revenue. >> that's freight. >> terrific milestone for us. fastest business in corning ever to get to a billion dollars. we think the next wave of growth for us started with phones. went to slates. will be notebooks next. these are two examples. lenovo thinkpad. and this is a dell. >> so and it is just specialty glass. >> they're capable. they're touch-enabled. i think what you're going to see a lot of different form factors. the dell for example, you can use this either as a pc or a slate. >> or as slate you can pull that up. you've got the glass contract for that? >> correct. >> i would imagine that is huge? >> correct. the issue with notebooks. you tend to pick them up like this you need strong glass also. a little demo. you always want to break glass. i will let you do that this year. >> i'm obnoxious. i like to do this stuff. >> safet
on your apple hat, all right? they would rather do business with samsung's chip, even though samsung is their biggest competitor, than switch to intel. >> what are we missing? there's uniform negativity here. we'll look back on it at end of this year and say, wait a second, we should have thought of that. >> don't throw that. >> that pc was bad, and they had every right to go out the window. all right, i've calmed down. >> there's no hope? >> anytime you have that budget, you can do it. i like stacy very much. it's a great manufacturer. there's hope. >> okay. >> there's hope. same level of hope. silver lining theory i call it. >> okay. when we come back, a wall street analyst known for being a longtime bear on netflix. and from textbook reynolds to the linked-in for college students, we'll talk to former yahoo! ceo. [ "i'm only human" plays ] humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't
in to kick ap putt at the moment. an article saying is samsung the new call. the advertising campaign was five or six years old saying, android is outselling apple, which we've known for an awfully long time. as ceo, as head of the pr, marketing director, how do you stop that sort of comment dead in its tracks? is it about offering bigger dividends or something more profound? >> well, you know, one of the things i like tim cook has been saying is, we're not about maximizing market share, which maybe sounds like a crazy idea, we're about maximizing customer experience. and we want customers to love our products. that's what got them in the winner's circle in the first place. that's the only thing that enables any mobile phone company, any technology company to keep on going at this tremendous pace. >> sidney -- >> i think you have to -- >> i'm sorry. i didn't mean to interrupt you. i just want to bring in jeffrey. we had a problem with the camera at yale. and now he's now joining us on the phone. jeffrey, what is your view? what should tim cook do here to reinvigorate apple? >> well, y
there is also a subsidy for the samsung galaxy. when you've only got two devices to choose from, not enough competition for these carriers to say, no, we're not going to pay that much. that certainly would seem to be something here that investors are going to continue to pay attention to. the margins are the key here. we'll see. high multiple stock, 15 times, does have a nice dividend as you point out. investors may be looking closely at the margin number for their guidance for the year, despite what are some positive comments. >> we love the stuff. how does it change. how does the metric change. if we look at the fios numbers, they start making money on the dvr, no, now it's just wireless. >> you don't want to forget about the other important parts of the business. there's a wire line business, and that's where they took the sandy charge in terms of the wire line. the positive effects from the union deal that will start to be felt this year. but wireless is the key for this company. it's what moves the stock. it is the most important component by far. this is a giant player that has had ex
other companies, gross margins, something made by a samsung, for heaven sake. i thought they were like a steel company. the stock is reacting to how much money is being made on each item. the dreaded nitpick of gross margins. that nasty number that inferiors, competitors are suddenly making superior product at least in the mind of some of the less savvy consumers out there, the superior. what must be going to apple is the fact these analysts actually think they need ammo to stay positive, ammo to do something as simple as breathing, which is to reiterate the buy ratings. i can see tim cook turning to his colleagues puzzled saying, it's as if we have to come up with something breakthrough, something dazzling for them beyond what's obvious. which is how great we are. but at some point, your company's products may face genuine competition. in many places on earth, other companies may be taking share, which is what's happening with that samsung phone. or you might have product lines in decline like the iphone. like the ipad. and it's a funny thing, when that happens, you actually do need t
. >>> and the smart phone smackdown. is apple losingity cool? the samsung, twitter has began a porn problem. the power rundown is next. you don't want it miss it. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> today it is all about tech. first up folks china is considering lifting a 13-year-old ban on video game consoles. nintendo and sony surging a little bit today. i guess you call them surges. julia, you think this ban will be lifted? julia? >> yes, i think it'll be. i think the question is, will it make a difference in mobile and social games are not banned. so if you can play the gims for free or next to nothing, are people going to want to invest in a console. other thing to keep in mind tyler is the fact that ban is not very much enforced so these have been smuggled in in the past. >> john, do 6 billion chinese want to play madden 13 or what? >> yeah, and a lot of them already are. piracy is a huge problem there. ps3 is harder to pirate so yeah, they will probably lift the ban but will it have a positive impact? ma
phone, not everyone. what to buy next is a huge topic of debate. >> i see some people switch to samsung and samsung galaxy s3. i've heard it's pretty good and there's apps you can't put on your iphone. i would say some people are starting to switch over but i'm still faithful to iphones. >> i've heard a lot of reviews with new sam sungs, galaxy. a lot are saying better than iphone. >> they are similar. why spend more on the iphone. you get the same technology. >> how much did it cost? >> about like $100. it's cheap not like the iphones. >> they are in transition. they just lost steve jobs. have you to give them time. they are innovative. apple tv looks cool. >> i don't think they will lose status, i just don't think they will be the sole providers for that anymore. >> a lot of them have iphones but many have not upgraded to the 5. that mizzou survey found 18 to 34 years old have more androids that iphones that flip flops with college graduates. most graduates from iphones and blackberries, back to you. >> thanks very much, jane. give my love to my alma mater. meanwhile, a big deal in the battle ove
screen samsung. watch movies. >> you want to make phone calls. >> like the old days. >> the point does appear to be, i think credit suisse, somebody said, daunting challenge. fair? >> yes. >> the rest of the world has not stood still. >> the only reason, when the i phone came out, i switched the next day. i went over to verizon, said do you have it? it's not that, right? it's not a -- boom. omg. no omg. >> evolutionary. >> by the way, tomorrow is the big january jobs number. of course, that means another chance for you to nail the number. tweet us your predictions for january non-farm payrolls or handles at squawk street, #nail the number. the prize this month will make feel nice and cozy in time for valentine's day. it is a blanket, autographed by the "squawk on the street" gang. you will have one minute before the friday release to tweet your predictions. best of luck. none of us have used the blanket. >> pristine. pristine. which may be a draw, may not be a draw. i don't know. >> hold it. >> make a sweet valentine's day gift, i'm sure, for someone. >> also the end of the month, cram
carefully before investing. >>> welcome back to "squawk" this morning. making headlines, samsung electronics says it's likely earned a quarterly profit of $8.3 billion, selling about 500 handsets a minute. samsung also benefiting from a pickup in demand for flat screens it makes for mobile devices, including those for rival apple products. but some analysts say investors are concerned samsung's momentum may slow in the first half. also at ces they're selling a $20,000 television that starts -- >> what? >> the new tvs start at 60 inches and go up to 100. >> 85? >> i heard about it. >> 85, that's -- >> life size at some point? >> oh, no. we wanted -- >> right. >> it will be in like two years. >> wait. that would be -- it would be more expensive to remodel your living room. >> now to sports and i like the sweater. i like you in that sweater. that's the sweater. >> i was in wisconsin when you said that i wore -- >> i don't think the guy could wear a sweater. but you're casual. you got the casual, almost a suito jean type thing going on. >> do a couple interviews in the field today and this is wh
minister shen zoe abe asked the bank of japan to adopt a 2% inflation target officially. samsung electronics rebounded about 2% on bargain hunting. the kospi snapped a five-day losing streak, ending higher by .75%. and the options over china gave a lift to the australia markets. the asx 200 reversed earlier losses to end marginally in the green. data showed china's imports of iron ore soared past 17 million pounds for the month of december. the sensex is trading lower by about .1%. >> sixuan, thank you. we'll keep you again here in europe. the ftse 100 is at the highest level of the last year for a close. the ftse 100 up .06. the ibex down 10, the cac 40 down 11 points. a couple markets, forced into releasing results last night. there was a leak and then having the full conference call, disappointing figures marks & spencer trading down 4.74%. pretty good numbers for tesco. a bit of a shocker last year, not the same this year. the stock right now, up 2.2% be, as well. ten-year spanish yields ahead of that, a little higher. italian yields, up 4.25%. and the bank of england coming
times i've been standing around and groups of people are comparing their latest samsung phone or talking about the next generations of devices out. the mobile world conference is next month in barcelona. how much pressure is on the company for new devices? i think it's been said many times. this is an extremely important earnings called for the company tomorrow night. we feel the echo system that apple brings to the table is very strong and powerful. we see about 20% 3g coverage for mobile phones at this point. there's a lot of smartphone buyers still to come into the market and we ultimately feel as though it's a samsung and apple ecosystem play here as we go forward. but, you know, i don't feel as though apple has lost the cool factor completely. we feel as though this year will be important from a product perspective of what they, again, have up their sleeve over the coming quarter peps. >> aaron, do you have an iphone? >> i do, iphone 5. >> are you using it now? >> i am. >> okay. just curious. so it still has the cool factor there with aaron rakers. he's coming in from stifel nicolau
. >> the competitor samsung, i keep thinking about the european trip, and you saw samsung there. >> i did. i got a lot of tweets on that, too, saying, you know, come on. >> you're breaking -- >> they have iphones over there, too. >> on "usa today," in front of the business section, all about apple losing their cool again. samsung, meantime, crossing in the 100 million unit mark in the galaxy. >> do you also throw out the suppliers with this, with the momentum downward? do you throw out the names like broadcom and qualcomm, which is both on android and apple? if apple is losing handsets to samsung, broadcom would pick that up. >> everything's so tainted. qualcomm, 4g, 5g, doesn't matter, you're going to need their chips. arm holdings downgraded today. the apple complex, which was so great when momentum was terrific, is, of course, in reverse momentum. i think people don't know what to do. there's a lot of people who came in to apple between 500 and 700, because i think many things seem like they're going great. and they don't know what to do, other than criticize people who wonder whether it's as great
. will microsoft go the way of the dying pc. >>> starbucks shares get a jolt this morning on earns. >>> samsung posted record profits but show signs that maybe the smartphone slowdown is not an apple problem. apple slightly higher after closing down 12% yesterday. >>> futures moving higher as the dow looks at a march toward record territory. posted gains for the tenth time in the last 11 sessions. also, the s&p 500 surpassing the 1,500 mark for the first time since december 2007, but closed below that level with a slight gain on the session. certainly it seems like it's all positive. the dow transports confirming this move higher. it was pointed out in a note a couple of days ago that that's the buy signal here on the dow. yesterday's market action, jim, was that concerning that it couldn't hold 1,500? >> i'm not going to be concerned about where they nailed it at the close. the earnings per share have just been stellar. not just the bottom one. the outline's been great. procter & gamble this morning, and i was on the starbucks call. they're firing on every single cylinder, delivering on all pr
to address. >> brian, we got to let you go. real quick, samsung? i read that they may have, at least the gossip is, they may have a screen that won't break? it's a flexible screen? i'm excited if this is true. >> yes, so samsung has a huge product announcement and a lot of innovations. they're going to be showing off flexible displays. small and large, so smart phone and tv. but they're going to have a brand new product and i think that will be probably the most applicable thing to the earnings on samsung over the next year or two because it will go to market. >> brian white, thank you for w joining us this morning. >> coming up, several stocks on the move this morning. we'll check in with jim cramer at the new york stock exchange. that's nextment ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of
've seen samsung is coming up a little bit but everybody still has an iphone. some sort of iphone. >> i think there's a lot of competition but i think apple probably still has an edge. >> a lot of the other phones are just, i don't know, more hype than anything. >> verizon buys data. that's about all i hear. >> do you think apple is losing its cool? >> yeah. i feel that way especially with the new iphone 5. >> why? >> because the new software is not as good as the old one. >> apple is extremely expensive especially with their data plan so if people are offering pretty much the same service for less people will go for that. >> my fiance has the glaxy and loves that as well so we kind of compete back and forth with each other. >> who's winning? >> he thinks he is. >> a couple of my friends are having samsung galaxy and starting to not like apple and have the samsung galaxy but again, me personally, the iphone sounds good. >> you want to say i have an iphone. >> yeah. >> you don't want to say i have a galaxy. >> here we go. yeah. >> all right. so still some cache. here is the telling thing
, they are already seeing subscriber share for the iphone in china go down to companies like samsung and lenovo so this would be a pretty big loss. they would have to figure something else out in the country. >> yeah. david. can you address the issue of the margins? i mean, that seems to be the single most issue, most important issue affecting the way people feel about this company. margins are compressing. they are not growing nearly what they were before. if apple comes out with an iphone mini, that's only going to hurt margins even more as it tries to establish itself in emerging markets like china. >> well, that's right. i mean, apple had the best of both worlds. they could sell a premium products at ridiculously high margins and grow faster than anyone else. that is clearly being challenged, but as i say, the stock right now after this decline over the last couple of months reflects a lot of skepticism about margins, so they are better off getting more volume, and, remember, once you even sell a low-end iphone, that customer is going to buy apps, and they are going to be a loyal customer prob
, brokerages led the rally on expectations of higher trading volumes this year. samsung electronics jumped 3.6% to another lifetime high. pasco up more than 3% boosted by upbeat chinese data. the steelmaker leading a consortium to buy a 15% stake in a canadian iron ore firm. in australia, optimism over the u.s. sent the asx 200 to a 19-month high. hopes of china's recovery. the ceo sounded a warning bell saying the current rally we're seeing, iron ore prices won't last. and china's official pmi data showed manufacturing activity expanded at a modest pace in november, matching december's seven-month high at 50.6. we'll see how chinese stocks reacted when the market reopens this friday. and that's also when japanese markets come back from holidays. meanwhile, india's pmi jumped to the highest level in six months. the sensex gaining about .7%. back to you. >> thanks for that. you would see the extended offer until january 10. in europe, just over an hour and, what, ten minutes into the trading day 9-1. on the front foot this first trading day of the year, pretty good gains for the year. the fts
, and there are increasingly ways that this is a remote control for our daily lives. look at samsung's washing machines or at harmon's cars where they use a smartphone to enhance the experience. >> it is remote controlled and enabling a network in the car. if you're using at&t or verizon or sprint, you'll have to change -- you won't have to change. you'll connect. you make the car a hot spot and use your same program. you don't have to subscribe to a program for car and program for your phone. we make cars so that they will work with any phone, whether it's a motorola, samsung, or nokia or apple, and any provider. >> the reason that is possible is because smartphone penetration in the u.s. is up near 50% with android and the iphone as the main drivers of that. expect that to be a trend that we see for the next couple of years now that manufacturers know there's probably a smartphone in your pocket. all the gadgets around you can do that much more. >> john ford there. >>> ubs' former chief executive and the current head of the investment bank are among the ubs executives testifieding today before the br
to happen. it has to happen in order to be able to grow. i keep coming back to, samsung has the hot one. arm holdings, they're in apple. people are saying, look, i can't take apple anymore. now, remember, it is at 520. >> and maybe inside of apple you play like qualcomm, which gets into device, not just an apple device. qualcomm is estimated there's about $4 to $5 of content in every iphone, and that is about the same as samsung. that's the ultimate -- >> i went out and saved money with qualcomm. scott mcgregor's got it down. it's in everything. amen, qualcomm. >> still in the smartphone space, r.i.m. having what is like almost an echo of past headlines. that is more trouble with service in the middle east. i think asia -- no, middle east -- >> africa. >> -- africa, yeah. >> and indonesia. that's where they're headquartered, isn't it? >> big population there. >> another downgrade today. it's really -- the new iteration is apparently not taking the world by storm, right? you switched. everybody switched. >> i switched. >> you switched, right? growing work horses here, this is the bmo. the sto
asian suppliers today. south korea's samsung electronics, lg display and sk hynix were also hurt by the news. >>> rio tinto says it will increase production by about 15% this year en route to a new record in 2012 that beat its own guidance. it's strong chinese demand which droe drove prices up around 80% since september. rio tinto shares declined early in australia. here in london, we're currently up .76%. >> interesting. meanwhile, china stands accused of illegally subsizing it's steelmakers. the steel producers are said to benefit from subsidized land, water, electricity and loans. that will help. the financial times reports that the european commission wants to strike back by slapping a duty of 50% on chinese coated steel. >> and for a look at asian commodity demand, we're joined by chung yang. good to see you. thank you for joining us. we had that strong china trade data out. what was interesting was quite a lot of stockpiling and rebuilding. i'm wondering whether they are doing that with commodities. >> i think for the euro for 201 is definitely the year of china play with t
. the owner of stores are set to release its q1 earnings today. samsung electronics is expected to post its q4 earnings guidance. that's all on the agenda in asia. but what investors are to do with what we've got so far this year? joining us now, nicholas. these are the classic risk off day yesterday. how do you categorize it and what it means for -- >> well, i mean, obviously, you know, i think it's important to be clear that this was a rally not based -- based not on what the deal did, but what the deal undid. clearly, the good news is that the u.s. americansfully avoided an even bigger fiscal issue. but, you know, i think clearly it shows how low we've actually sunk in the realm of investors expectations when the markets are actually rallying on essentially muddling through. and this is a well trodden path. it's a fairly familiar tale. and we've obviously seen it in the eurozone time and again. it's important -- it is important to say that we have averted what could have been a catastrophic fiscal sweep. and this is what the markets are focused on. the markets are focused on the growth pict
's coastco shares fem sharply. south korea lost ground for the fourth straight session. a tumble in samsung electronics and sell-offs in automakers were the major drag. australia is closed for a public holiday and india's sensex ended just a touch below the line. back to you. >> thank you very much for that. a top republican lawmaker says the automatic spending cuts will go into effect as scheduled in march. house budget committee chairman paul ryan says the sequester which will cut about 1.2 trillion in domestic and defense spending over the years will happen because they haven't offered gop alternative proposals. congress passed a stopgap spending bill by 2027. >> we are more than happy to keep spending at those levels going on into the future while we debate how to balance the budge, how to grow the economy, how to create opportunity. that's the kind of debate the country deserves. by the way, if we keep going down this path, we will have a debt crisis. it's not an if question, it's a when question. >> joining us now is tony fratto, former treasury secretary, he's in paris this morning.
earnings report and samsung reporting a record profit today. so, where is apple? $450 a share, barely budging after a 12% drop yesterday. now, move on to look at boeing. u.s. safety regulators say they're nowhere near finishing the investigation into that battery fire on the dreamliner, and it's still grounded, but boeing is holding. and i'm not going to call it a door stopper stock, it's holding at 75. back to nicole, tell me what's going on with starbucks. >> i was trying to see how much i paid for these things now, too. okay, here is the point. the point is, starbucks people, in america, in asia, the higher traffic, higher sales, offset any costs that starbucks faces and they come out with profits, and it's up 4 1/2% and looking to see how much i'm paying, 2.50. and this drink was like 5 1/2 bucks. stuart: okay. >> and just, this is what i'm saying, they're so expensive, for people go, people go. stuart: it's so expensive, but you keep on going, don't you. >> yeah, i like the chocolate, i like the caffeine, helps me get through the morning and be on fox business network and nail it
such as samsung. apple has dipped below the $500 mark in premarket trading this morning and that's the first time that's happened since last february 16th. so, it's like a roller coaster. i don't know if it comes back up the other way, though. >> why don't we talk about some of other other headlines as well. oracle has released an emergency update to its widely used java web blousing software after the u.s. government urged pc users to disable java last week because of a security vulnerability. oracle says the fix addresses two issues. some experts say the fix does not deal with the other flaws. >>> also bankrupt hostess is selling six bread brands to rival flour foods for $390. that includes wonder bread. hostess has not yet announced winning bidders for its snack brands but that is expected to take place within the next few weeks. >>> and finally u.p.s. is abandoning a nearly $7 billion deal to buy amsterdam's tnt express. that comes on word that european regulators would have rejected the deal as currently -- as it was currently set up. u.p.s. had first offered to buy tnt. europe's secretary l
the good work. do more with the new samsung galaxy note ii. for a limited time get two flipcovers for the price of one. exclusively at verizon. >>> a deadly car bombing in iraq stirring violence. kate bolduan has the latest. >> at least 15 people were killed and dozens were injured when the bomb went off at a bus station filled with religious pilgrims. it happened less than 50 miles south of baghdad. the bombing comes from protests of sunni. a very different story. actor gerard depardieu joked that putin sent him a passport but it may be true. he says he paid 85% of his income in tacks. now putin is offering him citizenship if he wants it along with a 13% flat income tax rate that comes with it. >>> and president obama was some 5,000 miles away in hawaii, enter the auto pen. the president reviewed a digital copy of the bill and aides used the auto pen to put his signature on it rather than commissioning a special flight to send a hard copy of it to hawaii. >>> inauguration day for president obama is less than three weeks away and unless you want something to celebrate with the ina
. >> qualcomm? >> it's secular growth. samsung is going to do well. visa and mastercard are growing double digits. consumers all over if world, it's clipping coupons. you're not taking any credit risks. and we know more people are moving away from cash. look at companies doing that as opposed to a lot of investors say, well, i want that 6% dividend and i'll be happy with that. >> okay. and you talked about ford for a while. >> ford. their secular growth rate is there for you. you look at the auto companies, they're still growing. the average car is 11 years old. they have greater national exposure. they've just doubled their dividend. it's a dividend stock now with growth. a year ago, it didn't have a dividend. it wasn't investment grade. but you're up 40%. maybe you don't chase it now, but -- >> all right. so, joe, when we started the year, we did that, you know, that deal for the fiscal cliff. i don't know how you refer to it at this point. no one liked it. >> deal with the devil, joe? >> well, no. it was enough. it was enough. it got us through that period. then we said, well, we've got
china buying 400 phones. >> and samsung is getting huge market share. by the way, the coolest new phone you'll ever see in your whole life, they now make a screen that doesn't break. >> what? >> it's foldable, twistable, you can't break it. >> have you broken a screen on your phone? >> no, but people are constantly breaking phones. you drop them on the floor and they break. anyway, amazon is taking aim at apple's i tune store unveiling amazon autorip. it's free versions of music cds they pufr chased. analysts hope it will encourage more people to use the class service. >> how would you know whether you were being a really good lincoln or not? how do we know how he acted and how he talked? how would you know if someone was a really good -- other than just good makeup? how would you know whether it was good performance? >> it's guesswork. it doesn't sound like daniel day-lewis. >> but they're saying that he is -- that no one should even show um, that is nominated with him because he's going to win. but how do you know he's realistic? >> it is amazing considering he's european and -- >> bu
and manufacturing con toshyum of intell, ibm, samsung and global foundries. they would invest in new york to create the next generation of computer chips. and just yesterday the governor announced an additional investment of $2 billion u.s. dollars to build a technology center that will create 1,000 new jobs. [applause] these five global semiconductor leaders, these are my customers. i want to be near them and they've come to new york. with the state's new approach, new york is the right move for us too. and then i became a believer. that's why we are relocating the line's share of our operations, all of our marketing, manufacturing and headquarters to new york from arizona. [applause] we are even moving our testing lab from china to new york. [applause] we will not only manufacture our product lines, we will work to gain access to a pipeline of future employees. value tech is not receiving any loans or grants or tax credits. [applause] we are getting an environment where business can grow, an environment that has been created by all of you and especially the leadership of governor cuomo. [applause
. but i think apple is still growing, they're still -- there's no lines anymore if samsung is making fun of. that's going to be a problem for me. right now there's still lines and they're still growing and margins are still high. just not as much as they used to be. >> jon? >> you know, i think it's interesting that became was up so much yesterday powering the dow. this apple story is kind of like between the facebook ipo and ibm. ibm does so well at managing expectations. they're an extreme case of managing both expectations, and their earnings. facebook totally whipped it on their ipo by not correcting managing expectations. it seems like apple is sort of in that facebook wheelhouse trying to get more like ibm. right now, they're in the midst of a cycle where they redesigning a bunch of products. margins are down. but in terms of the number of iphones that they're shipping, very high. i mean, that's something that investors certainly need to think about. >> all right, john, thank you very much. daniel, thank you. we appreciate it. >> my pleasure. >> the world economic forum is just hea
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